The Shepherds’ Trust 2011 Financial Results
| Comprising: | 2011 | 2010 |
| Parish Collection | $1,226,006 | $1,225,324 |
| Bequests and Donations | 189,233 | 542,796 |
| Parish Assessments | 1,337,500 | 1,357,945 |
| Investment Income | (88,246) | 2,471,426 |
| Other | 3,106 | 7,857 |
| Total | $2,667,599 | $5,605,348 |
The 2011 investment loss includes dividends, interest and realized gains of $1.98 million and unrealized investment loss of $2.07 million from a decrease in market value of investments as at December 31, 2011.
Expenditures
2011 expenditures totalled $2.7 million (2010 - $2.7 million) consisting of monthly allowances to beneficiaries, health care premiums and costs of extended health care for priests.
| Comprising: | 2011 | 2010 |
| Pooled Funds - Bonds | $14,109,932 | $13,609,217 |
| Pooled Funds - Equities | 19,919,965 | 21,120,304 |
| Short Term | 499,605 | 499,592 |
| Total | $34,529,502 | $35,229,113 |
Total Fund needed is $42.3 million (based on 2009 actuarial valuation). The Investment Fund is professionally managed, with quarterly reviews and evaluation of performance by an independent investment committee with appropriate actions taken as necessary.
A copy of the audited financial statements is available for review at the office of the Archdiocese of Toronto - Accounting & Finance Department, 1155 Yonge Street, Toronto.